Aurora Private Wealth Inc. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,786 shares of the company's stock, valued at approximately $1,617,000.
Other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new position in PepsiCo in the 4th quarter valued at $2,729,565,000. GAMMA Investing LLC raised its holdings in PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the last quarter. Raymond James Financial Inc. acquired a new position in PepsiCo in the 4th quarter valued at $589,307,000. Assenagon Asset Management S.A. raised its holdings in PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after acquiring an additional 1,809,391 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PepsiCo in the 4th quarter valued at $221,297,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Stock Down 0.7%
NASDAQ:PEP traded down $0.91 on Friday, reaching $135.58. The stock had a trading volume of 4,941,378 shares, compared to its average volume of 7,048,532. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The company has a 50-day moving average of $131.36 and a 200 day moving average of $142.40. The stock has a market cap of $185.88 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $1.61 earnings per share. On average, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on PEP shares. Bank of America cut their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Morgan Stanley dropped their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $159.75.
Check Out Our Latest Report on PepsiCo
PepsiCo Profile
(
Free Report)
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
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